Tax situation
Live in Canada and work in USA.
-11 years contributing to social security (all at max)
-15 years of CPP contributions, all prior to 2010. est $704 payout at age 65.
-15 years to retirement, assume will continue to work in USA
Question, should I make a voluntary CPP contribution.
Turbo tax prompted that question?
Voluntary CPP Contributions
Moderator: Mark T Serbinski CA CPA
Re: Voluntary CPP Contributions
No. You are not permitted to make CPP payments (voluntary or otherwise) on foreign employment income on which you are paying into another country's social security system.
If you look at the tax line for such contributions, this will become clear.
If you look at the tax line for such contributions, this will become clear.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best